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Eligible applicants include owners of commercial buildings and/or businesses within the target area. Examples of such eligible applicants may include:
*All applicants must be non-delinquent in City tax or utility payments to qualify for funding. The property to benefit from funding must be in compliance with building code or demonstrate in their application that they will be in compliance with code by the end of the project.
The DGP acts as a fully reimbursable grant program. There is no available loan component.
The DGP will reimburse approved applicants up to 90% of their total project cost, not to exceeda maximum of $100,000.
No costs assumed by the applicant prior to being formally approvedfor funding will be considered eligible for reimbursement.
Unlike other funding programs, the DGP does not require abiding by rent caps or job retention/creation. The property/building/business to benefit from DGP funds must bemaintained and not sold or demolished within five (5) years of award funding.The City of Plattsburgh reserves the right to inspect any work in progress at any point for properties benefiting from DGP funds to ensure adherence to program rules, environmental hazard compliance, and general project progress.
Following the approval/award of grant funds, each applicant must provide a commitment fee—not to exceed $750—with his or her signed commitment letter. The commitment fee will be determined by the Community Development Office and will be used by the City to pay for required work such as environmental site contamination testing. The amount of each commitment fee will vary depending upon the scope and size of the project, including the price of environmental site contamination testing. The paid commitment fee will be nonrefundable and will not be counted toward the match requirement.
The applicant will also be responsible for the remaining 10% of their total project cost as the DGP will only reimburse up to 90% of total project cost.
Applications will be available digitally, online on the City website at:or will be available hard-copy in the Community Development Office.
Please feel free to visit the DRI: Downtown Grant Program webpage on the City website at:or visit the Community Development Office in person, located on the second floor of City Hall.